69 Stanford Street, South Portland, ME 04106

$775,000

69 Stanford Street in South Portland is a smart, flexible investment in one of Southern Maine's most sought-after rental locations. This well-maintained three-unit property offers strong income potential with separate electric, heat, and hot water utilities for each unit—keeping operating costs low and returns strong. Units 1 and 2 are refreshed and move-in ready, giving owner-occupants the option to live in one unit while collecting rent from the others or allowing investors to place quality tenants on their own terms. Each of these units is estimated to earn between $2,400 and $2,700 per month, offering immediate upside. Unit 3 is currently occupied, providing dependable rental income from day one. The property includes both off-street and on-street parking and features a coin-operated washer and dryer for added revenue. Its location is unbeatable—just minutes to downtown Portland, Willard Beach, and South Portland's favorite restaurants, coffee shops, and local spots. Whether you're building your portfolio or looking for a home that helps pay the bills, this property offers a rare mix of cash flow, long-term value, and lifestyle convenience. With strong tenant appeal and flexible occupancy options, 69 Stanford Street stands out as a versatile and high-performing asset in a market known for… Read MoreRead Less

Courtesy of EXP Realty 888-439-8743

Listing Snapshot

Days Online

198

Last Updated

Dec 7, 2025

Full Baths

Square Ft.

2,650

Lot Size

0.1 Acres

Year Built

1900

MLS Number

1623761

Additional Details

Property Access

Road Surface Type: "Paved"

Basement

Basement: "Interior", "Full", "Unfinished"

Building

Architectural Style: "Colonial", Building Area Total: 2,650, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 3, Year Built: 1900

Cooling

Cooling: "None"

Expenses

Operating Expense: $13,495

Floors

Flooring: "Wood", "Vinyl", "Carpet"

Heating

Heating: "Direct Vent Heater", Heating Included

Income

Gross Income: $75,180

Lot

Features: "Level", "Near Town", 0.1 acres, Area: 0.1, 4,356 square feet

Parking

Features: "5 - 10 Spaces", "Gravel"

Property

Parcel Number: 69StrandfordStreetSouthPortland04106, Zoning: FV

Roof

Roof: "Shingle"

Sewer

Sewer: "Public Sewer"

Taxes

Annual Amount: $7,598, Tax Lot: 076/C

Utilities

Electric: "Circuit Breakers", Water Source: "Public"

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Term (years)

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30 Days Snapshot Of 04106

$618k

+20%

(avg) sold price

-8%

homes sold

-4%

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69 Stanford Street

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